logo
Just in:
Uforce reaches $6 billion valuation with British backing // Ladakh Ban On Protests Ahead Of Election Is Uniquely Contentious // Wizz Air half-year earnings sink as fuel costs surge // DP World transports million containers through UAE corridors // December Is the Last Window for $800,000 U.S. Residency Investment // Court reinstates Police association rejig order // Electric and hybrid interest rises at Sharjah car market // MG Motor presents four electrified vehicles at Dubai exhibition // Microsoft outage leaves Outlook and Teams users disconnected // EBANX and Eneba strengthen partnership in Latin America with 138% YoY growth in payment volume // Crescent Enterprises venture arm funds Oyster Therapeutics development // LANDMARK Presents ‘Destination CENTRAL’: A District-Wide Celebration Inviting Global Travellers to Explore the Dynamism, Luxury, and Soul of Central // Forged court directives trigger probe into website blocking // Turkish Airlines adds Chengdu to mainland China services // Yicura BioMed Advances Dual Capital and Industrial Strategy： Completes First Closing of Series B Financing Led by Gobi Partners // L’OCCITANE Celebrates 50 Years Of Provençal Craftsmanship With Holiday 2026 Collection // U.S. Democratic Leadership Starts Dialogue With Progressive Bloc For Joint Strategy // Nvidia appoints Colette Kress interim chief after Huang departure // How A Newly Elected Democratic Congress Could Reshape US–India Relations? // Modi ally flags youth opportunities gap despite growth //

News related to
Range

Cash-rich Asian and Middle Eastern lenders are taking a larger share of the $100 billion global aircraft financing market as Western rivals step back due to the liquidity crunch and stricter regulations, a top executive at Airbus  said. European commercial banks, previously the primary funding source for airlines, have substantially cut their exposure to the aviation sector after the continent’s debt crisis, leaving a funding gap for […]

The United Arab Emirates’ first real estate investment trust plans to sell shares in an initial public offer on the Nasdaq Dubai bourse before the end of this year, three people aware of the plan said. Emirates REIT, which was formed in 2010 and complies with Islamic investment principles, has income-generating assets worth 770 million dirhams ($210 million). REITs directly invest in properties and distribute profits as […]

Tamweel Aviation Finance (TAF), a new and integrated financing platform offering turnkey alternative financing solutions to airlines and aircraft leasing companies, has been established by Novus Aviation Capital in partnership with Development Bank of Japan Inc. (DBJ) and Airbus. The new enterprise has been set up to facilitate the funding of aircraft acquisitions, providing secured junior and mezzanine loans to airlines for all Airbus aircrafts, with a […]

Doctors at RAK Hospital marked the opening of a new era of intervention in congenital heart disease for this part of the world by carrying out an Atrial Septal Defect (ASD)   Closure without surgical intervention on a young adult by the technique of Device closure ASD device (Amplatzer septal occluder) is a relatively new non-surgical technique used to treat patients with atrial septal defect in which patients […]

A major independent global study released today calls on airlines to take a fresh look at handling flight delays and cancellations in order to drive loyalty and minimize impact on customers in the short- and long-term. Titled ‘Passengers First: Re-thinking Irregular Operations’, the study is authored by Norm Rose of travel industry research authority PhoCusWright and commissioned by Amadeus, a leading technology partner for the global travel […]

Saudi Basic Industries Corporation (Sabic) has mandated Citigroup, HSBC, Mizuho and RBS to arrange a series of fixed income meetings ahead of a potential US dollar denominated senior bond. The state-owned company, rated A1/A+/A+, will hold meetings in Europe, Middle East and Asia between September 22 and September 25. A Reg S only senior guaranteed note may follow subject to market conditions via a special purpose vehicle […]

The U.S. Federal Reserve defied investor expectations on Wednesday by postponing the start of the wind down of its massive monetary stimulus, saying it wanted to wait for more evidence of solid economic growth. Investors responded by propelling U.S. stocks to record highs and driving down bond yields. Yields on U.S. Treasury debt had risen over the summer on expectations the Fed would cut back its $85 […]

Advertisements

Bahrain-based Islamic investment firm Arcapita has become the first Gulf company to emerge from U.S. bankruptcy under Chapter 11 rules, in a move that could help clarify how Islamic finance is treated in Western courts. Arcapita’s plan, which came into effect on Tuesday, will see it transfer its assets into a new holding company which will dispose of them over time to pay off creditors, effectively a […]

DAMAC Properties, a privately held Dubai property developer, has hired two international investment banks to help arrange an initial public offering of shares in London and join a growing list of Gulf companies seeking overseas listings. Deutsche Bank and Citigroup Inc will advise on the planned flotation, two banking sources aware of the matter said, speaking on condition of anonymity as the matter is not public. The […]

Just Falafel, a United Arab Emirates-based franchise restaurant offering the traditional Arab food, has hired an advisor to help arrange an initial public offer of shares on the Nasdaq Dubai bourse as soon as October, sources said. The plan suggests IPO activity in Dubai is resuming after a gap of more than four years caused by the global financial crisis and the emirate’s 2009-2010 property market crash. […]

The results of a new annual poll published by SEI, titled “Employment Trends and Managing End of Service Benefits in the Middle East,” reveals positive employment momentum in the Middle East region is putting increased pressure on company End of Service Benefit (EoSB) liabilities. The poll focused primarily on the UAE, where the majority of respondents were based (89 percent). Eighty percent of the total firms surveyed […]

Last week was a key week not only for key economic data points, but the outcome of the G20 summit in St Petersburg which centered on the U.S.’s campaign to drum up last minute support for imminent military action in Syria. Markets particularly in the MENA region have been on tenterhooks with volatility prevailing in MENA indices including Turkey. The Lira reached a record low at 2.0841 […]

Fitch Ratings says that the Dubai prime property sector is set up for a strong 2014 following a vibrant 2013. Notwithstanding the positive trend, uncertainty remains a concern for the real estate sector in general as several factors and events evolve, notably Middle East instability, Dubai’s bid for the World Expo 2020 and major new real estate projects that are in the pipeline. As per Fitch’s expectation, […]

Fitch Ratings has upgraded UAE-based Tamweel PJSC’s Long-Term Issuer Default Rating (IDR) to ‘A’ from ‘BBB+’, Short-Term IDR to ‘F1’ from ‘F2’ and Support Rating to ‘1’ from ‘2’. Fitch has simultaneously withdrawn Tamweel’s ratings. At the same time, the senior unsecured programme rating of Tamweel Funding III Limited (TFIII) has been upgraded to ‘A’ from ‘BBB+’ and withdrawn, and the senior unsecured Long-Term rating of the […]

A surge in lending to investors by brokerages in the United Arab Emirates has helped make Dubai the world’s second-best performing market this year, but has left it prey to volatility. Some investors have been able to make profits in the range of 40 to 60 percent this year on local stock markets but the question is whether such margin lending – borrowing with cash or holdings […]

A Dubai court has dismissed a Kuwaiti sheikh’s $21.4 million claim against UBS in which he alleged the Swiss bank failed to pay him for helping it become lead arranger on a $9 billion asset sale by Kuwaiti telecom operator Zain. The case highlighted the complexity of doing business in the Gulf, where personal connections to high-ranking officials or executives are often valued in deal making. But […]

THIRUVANANTHAPURAM: Thechikkottukavu Ramachandran’s take-home salary would be the envy of many investment bankers. With his majestic ten-and-a-half-foot frame, the elegant Kerala resident is said to earn Rs 1 crore by working just seven months a year. Little wonder then that he’s a Facebook star. Except that the 48-year-old Ramachandran is a large elephant, and a wildly popular fixture in most ceremonial temple processions in the state. His […]

 Saudi British Bank (SABB), an affiliate of HSBC Holdings, is aiming to sell an Islamic bond by year-end to strengthen its capital base, two banking sources aware of the matter said on Monday. HSBC is advising SABB on the potential riyal-denominated sukuk issue to boost its Tier 2 capital position, the sources said, declining to be identified as the matter is not public. SABB’s total capital ratio […]

President Barack Obama and his top military and national security advisers hashed out options on Saturday for responding to the alleged use of chemical weapons in Syria amid “increasing signs” that the government used poison gas against civilians. Obama spoke with British Prime Minister David Cameron, a top U.S. ally, and agreed that chemical weapon use by Syrian President Syrian President Bashar al-Assad’s forces would merit a […]

HSBC Holdings, the top arranger of debt issues in the Gulf Arab region, has named Mustafa Aziz Ata to run its debt capital markets business for the Middle East and North Africa, an internal memo from the bank showed. Aziz, who joined the bank in 2004, is currently a director in its global capital markets division. In his new role, Aziz will report to Russell Schofield-Bezer, head of EMEA debt capital markets, […]

A long-awaited opening of Saudi Arabia’s stock market to direct foreign investment appears near, industry executives and fund managers say – a reform that could give equity investment in the Gulf its biggest boost for years. Hopes have been raised and dashed several times over the last few years. While the Saudi government has long considered the reform and has been making technical preparations, it has never […]

Saudi Arabia and India topped the charts for sending the most tourists to Dubai in the first half of this year as a new report by Department of Tourism and Commerce Marketing (DTCM) revealed record-breaking figures. More than 5.5 million tourists visited Dubai from January to June this year, representing an increase of 11.1 per cent over the previous year. Director-General of DTCM Helal Saeed Almarri said: […]

Emirates NBD, the United Arab Emirates’ biggest bank by assets, expects to raise more than $12 billion for clients in the remainder of the year, boosting investment banking income as the lender seeks expansion. The Dubai government-controlled lender has mandates for about 20 bond and loan deals after helping raise $14.6 billion for clients in 23 such transactions so far this year, Giel-Jan Van Der Tol, the […]

(Reuters) – A federal judge has endorsed a broad interpretation of a savings-and-loan era law that the Justice Department is trying to use in cases against Wall Street banks. U.S. District Judge Jed Rakoff in Manhattan said Monday that a “straightforward application of the plain words” of the Financial Institutional Reform, Recovery and Enforcement Act (FIRREA) allowed the interpretation sought by the government. The law has a […]

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Just in:
Valarmathi restarts fast as teachers defy police // Nvidia appoints Colette Kress interim chief after Huang departure // MG Motor presents four electrified vehicles at Dubai exhibition // New Zealand bond bids reach thirteen-year auction peak // Ajman University MBA climbs to joint 13th regionally // How A Newly Elected Democratic Congress Could Reshape US–India Relations? // Musk expresses willingness to recruit Nvidia chief Huang // Yicura BioMed Advances Dual Capital and Industrial Strategy： Completes First Closing of Series B Financing Led by Gobi Partners // Uforce reaches $6 billion valuation with British backing // Microsoft outage leaves Outlook and Teams users disconnected // LANDMARK Presents ‘Destination CENTRAL’: A District-Wide Celebration Inviting Global Travellers to Explore the Dynamism, Luxury, and Soul of Central // Ration dealers seek GPS aided grain deliveries // EBANX and Eneba strengthen partnership in Latin America with 138% YoY growth in payment volume // Forged court directives trigger probe into website blocking // Modi ally flags youth opportunities gap despite growth // Electric and hybrid interest rises at Sharjah car market // UAE crews sustain coastal oil removal as beaches reopen // December Is the Last Window for $800,000 U.S. Residency Investment // Saudi fund assets forecast to cross $400 billion // Crescent Enterprises venture arm funds Oyster Therapeutics development //